FLUC.L vs. FLO5.L
FLUC.L (Franklin USD Investment Grade Corporate Bond UCITS ETF) and FLO5.L (iShares USD Floating Rate Bond UCITS ETF) are both Corporate Bonds funds - FLUC.L tracks the Franklin USD Investment Grade Corporate Bond UCITS ETF while FLO5.L tracks the Bloomberg US Corp Bond TR USD. Both are passively managed. Over the past 5 years, FLUC.L returned -0.47%/yr vs 4.47%/yr for FLO5.L. At a correlation of -0.04, they often move in opposite directions. FLUC.L charges 0.35%/yr vs 0.10%/yr for FLO5.L.
Performance
FLUC.L vs. FLO5.L - Performance Comparison
Loading charts...
Different Trading Currencies
FLUC.L is traded in USD, while FLO5.L is traded in GBp. To make them comparable, the FLO5.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, FLUC.L achieves a -1.26% return, which is significantly lower than FLO5.L's 2.72% return.
FLUC.L
- 1D
- -1.05%
- 1M
- -1.47%
- 6M
- -1.26%
- YTD
- -1.26%
- 1Y
- 3.65%
- 3Y*
- 4.32%
- 5Y*
- -0.47%
- 10Y*
- —
FLO5.L
- 1D
- 0.40%
- 1M
- 0.81%
- 6M
- 2.63%
- YTD
- 2.72%
- 1Y
- 5.17%
- 3Y*
- 5.78%
- 5Y*
- 4.47%
- 10Y*
- —
FLUC.L vs. FLO5.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FLUC.L Franklin USD Investment Grade Corporate Bond UCITS ETF | -1.26% | 7.46% | 2.08% | 7.77% | -15.53% | -2.24% | 9.76% | 14.52% | 0.68% |
FLO5.L iShares USD Floating Rate Bond UCITS ETF | 2.72% | 5.34% | 6.30% | 6.07% | 1.42% | 0.83% | 0.33% | 4.84% | 0.14% |
Correlation
The correlation between FLUC.L and FLO5.L is -0.15, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.10 |
Correlation (All Time) Calculated using the full available price history since Jun 25, 2018 | -0.04 |
The correlation between FLUC.L and FLO5.L shifts across timeframes, from -0.15 (1 year) to -0.04 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FLUC.L vs. FLO5.L — Risk / Return Rank
FLUC.L
FLO5.L
FLUC.L vs. FLO5.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin USD Investment Grade Corporate Bond UCITS ETF (FLUC.L) and iShares USD Floating Rate Bond UCITS ETF (FLO5.L). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FLUC.L | FLO5.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.44 | ||
| Sortino ratioReturn per unit of downside risk | -0.68 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.21 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.38 | 3.95 | -2.57 |
| Martin ratioReturn relative to average drawdown | 3.77 | 16.49 | -12.72 |
Loading charts...
Drawdowns
FLUC.L vs. FLO5.L - Drawdown Comparison
The maximum FLUC.L drawdown since its inception was -22.30%, which is greater than FLO5.L's maximum drawdown of -14.87%. Use the drawdown chart below to compare losses from any high point for FLUC.L and FLO5.L.
Loading charts...
Drawdown Indicators
| FLUC.L | FLO5.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.30% | -14.87% | -7.43% |
Max Drawdown (1Y)Largest decline over 1 year | -2.61% | -1.30% | -1.31% |
Max Drawdown (3Y)Largest decline over 3 years | -6.07% | -2.44% | -3.63% |
Max Drawdown (5Y)Largest decline over 5 years | -22.12% | -2.44% | -19.68% |
Current DrawdownCurrent decline from peak | -3.60% | 0.00% | -3.60% |
Average DrawdownAverage peak-to-trough decline | -6.53% | -0.52% | -6.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 0.31% | +0.64% |
Volatility
FLUC.L vs. FLO5.L - Volatility Comparison
Franklin USD Investment Grade Corporate Bond UCITS ETF (FLUC.L) has a higher volatility of 1.70% compared to iShares USD Floating Rate Bond UCITS ETF (FLO5.L) at 1.39%. This indicates that FLUC.L's price experiences larger fluctuations and is considered to be riskier than FLO5.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FLUC.L | FLO5.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.70% | 1.39% | +0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 3.90% | 3.88% | +0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.04% | 4.46% | +0.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.78% | 5.13% | +1.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.09% | 5.84% | +1.25% |
FLUC.L vs. FLO5.L - Expense Ratio Comparison
FLUC.L has a 0.35% expense ratio, which is higher than FLO5.L's 0.10% expense ratio.
Dividends
FLUC.L vs. FLO5.L - Dividend Comparison
FLUC.L's dividend yield for the trailing twelve months is around 4.26%, less than FLO5.L's 4.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FLO5.L iShares USD Floating Rate Bond UCITS ETF | 4.75% | 5.11% | 5.98% | 5.63% | 1.47% | 0.59% | 1.73% | 3.00% | 2.16% | 0.48% |
FLUC.L Franklin USD Investment Grade Corporate Bond UCITS ETF | 4.26% | 4.01% | 4.26% | 3.38% | 2.76% | 2.17% | 2.29% | 3.37% | 1.61% | 0.00% |
Frequently Asked Questions
FLUC.L and FLO5.L have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FLO5.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FLO5.L is cheaper with a 0.10% expense ratio, compared with 0.35% for FLUC.L.
FLUC.L tracks Franklin USD Investment Grade Corporate Bond UCITS ETF, while FLO5.L tracks Bloomberg US Corp Bond TR USD. They also come from different issuers: Franklin and iShares. Their fees differ too: 0.35% for FLUC.L and 0.10% for FLO5.L.
Find the right allocation for FLUC.L and FLO5.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer